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Home » Business News
Business News
Tuesday 18. August 2009

MeadWestvaco Corporation Announces Cash Tender Offer for its 6.85% Notes Due 2012

MeadWestvaco Corporation (NYSE:MWV) (“MeadWestvaco” or “MWV”) today announced the commencement of a cash tender offer for up to $250 million in aggregate principal amount (the “Maximum Tender Amount”) of its 6.85% Notes due 2012 (the “2012 Notes”).

Tuesday 18. August 2009

WEYERHAEUSER COMPLETES SALE OF COMMERCIAL BUSINESS TO ATLAS HOLDINGS LLC

Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its Commercial business to a wholly-owned subsidiary of Atlas Holdings LLC. Terms of the sale were not disclosed.

Tuesday 18. August 2009

Rio Tinto receives US$2.025 billion binding offer for the majority of Alcan Packaging businesses

Rio Tinto has received a binding offer from Amcor to acquire the majority of the Alcan Packaging businesses, comprising Alcan Packaging global pharmaceuticals, global tobacco, food Europe and food Asia divisions, for a total consideration of US$2.025 billion.

Tuesday 18. August 2009

MeadWestvaco Corporation Prices Offering of Notes

MeadWestvaco Corporation (NYSE: MWV) today announced that it has priced an offering of $250 million aggregate principal amount of 7.375% Notes due 2019 (the “Notes”). The offering is expected to close on Monday, August 24, 2009, subject to customary closing conditions.

Tuesday 18. August 2009

ONE SOLUTION IS ENLARGING ITS TECHNICAL TEAM

Rafal Grzeszczuk, Polish, has joined ONE SOLUTION’s field service engineer team since 1st August 2009.

Tuesday 18. August 2009

Reader’s Digest Association Reaches Agreement in Principle With Lenders To Significantly Reduce Its Debt From $2.2 Billion to $550 Million

Debt-for-Equity Restructuring Plan is Supported by a Majority of Secured Lenders RDA to Use 30-day ‘Grace Period’ on $27 Million Notes Payment to Seek Consensus with Additional Lenders and Stakeholders RDA Expects to Implement through Pre-Arranged Chapter 11 Process, Obtains Commitment for $150 Million New Money DIP Financing Facility Convertible to Exit Financing upon Emergence RDA’s Non-U.S. Operations Will Not be Part of the Filing Company Expects Vast Majority of Vendors to Recover in Full RDA’s Operations Remain Strong, Expects Solid FY09 Revenue Performance

Tuesday 18. August 2009

Valspar Reports Third-Quarter Results

Company Raises FY 2009 Guidance

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